Libya’s oil production falls, losses over US$ 2 bn

By Sami Zaptia.

(Logo: NOC).

London, 25 February 2020:

Libya’s state National Oil Corporation (NOC) confirmed today that there has been a drop in the country’s production as a result of the blockade of its ports and pipelines. It said that the current level of production is 122,430 b/d, as of Sunday February 23, 2020, and that the forced restriction of production has resulted in financial losses of US$ 2.1 billion since 24 January 2020.

It added that the production, transportation and supply of oil and gas continues to be severely reduced due to the ongoing security situation across Libya.

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